Live Ventures Inc 2023年度报告

FORM 10-K________________________________________________ (Mark one) xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended September 30, 2024 oTRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934For the Transition period from _____ to _____Commission File Number: 001-33937________________________________________________ Live Ventures Incorporated(Exact Name of Registrant as Specified in Its Charter) Nevada85-0206668 (State or Other Jurisdiction of Incorporation orOrganization) 325 E Warm Springs Road, Suite 102, LasVegas, Nevada89119 Securities registered under Section 12(g) of the Exchange Act: None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of theSecurities Act. Yes o No x Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that theregistrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.Yes x No o Indicate by check mark whether the registrant has submitted electronically every Interactive Data File requiredto be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter periodthat the registrant was required to submit such files). Yes x No o Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “largeaccelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 ofthe Exchange Act. Large accelerated filer oAccelerated fileroNon-accelerated filerxSmaller reporting companyx If any emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards pursuant to Section 13(a) ofthe Exchange Act. o Indicate by check mark whether the registrant has filed a report on and attestation to its management’sassessment of the effectiveness of its internal controls over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. o If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financialstatements of the registrant included in the filing reflect the correction of an error to previously issued financialstatements. o Indicate by check mark whether any of those error corrections are restatements that required a recoveryanalysis of incentive-based compensation received by any of the registrant’s executive officers during the relevantrecovery period pursuant to §240.10D-1(b). o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the ExchangeAct). Yes o No x The aggregate market value of the registrant’s common stock held by non-affiliates computed based on theclosing sales price of such stock on March 31, 2024 was approximately $31.5 million. The number of shares outstanding of the registrant’s common stock, as of December 6, 2024, was 3,120,591shares. DOCUMENTS INCORPORATED BY REFERENCENone Table of Contents LIVE VENTURES INCORPORATED FORM 10-K For the year endedSeptember 30, 2024 TABLE OF CONTENTS Part I Item 1.BusinessItem 1A.Risk FactorsItem 1B.Unresolved Staff CommentsItem 1C.CybersecurityItem 2.PropertiesItem 3.Legal ProceedingsItem 4.Mine Safety Disclosures Part II Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters andIssuer Purchases of Equity Securities30Item 6.[Reserved]31 Item 7.Management’s Discussion and Analysis of Financial Condition and Resultsof Operations32Item 7A.Quantitative and Qualitative Disclosures About Market Risk40Item 8.Financial Statements and Supplementary Data41Reports of Independent Registered Public Accounting FirmsF-1Consolidated Financial Statements:Consolidated Balance Sheets at September 30, 2024and 2023F-3Consolidated Statements of (Loss) Income for the Years EndedSeptember 30, 2024and 2023F-4Consolidated Statements of Stockholders' Equity for the Years EndedSeptember 30, 2024and 2023F-5Consolidated Statements of Cash Flows for the Years Ended September30, 2024and 2023F-6Notes to Consolidated Financial StatementsF-8Item 9.Changes in and Disagreements with Accountants on Accounting andFinancial Disclosure42Item 9A.Controls and Procedures42Item 9B.Other Information43Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections44 Part III Item 10.Directors, Executive Officers and Corpor